$26,500,000

Discover the opportunity to own on Zumirez Drive, one of Point Dume's most coveted addresses. This remarkable 1.34-acre estate currently features a beautifully remodeled 1949 two-bedroom seaside cottage with breathtaking whitewater views and direct access to a private beach just steps away. Perfectly positioned for easy walks to some of California's finest surf and sands, including iconic Paradise Cove. Over the past seven years, the current owners have secured a Coastal Development Permit to transform this legacy property into an unparalleled coastal compound blending modern luxury with timeless coastal living. The active entitlement allows for the construction of over 7,000 square feet, featuring a beautifully designed five-bedroom, five-and-a-half-bath main residence with a 50-foot oceanfront pool and jacuzzi, movie theatre, spa facilities with massage rooms, cold plunge, dry sauna, and steam shower. A separate guest retreat includes an additional full bedroom and bathroom, private jacuzzi, and tranquil garden space. Ownership of this property includes coveted Riviera One rights, providing unmatched access to Malibu's most exclusive private beach. This is a rare chance to create a generational Point Dume sanctuary without enduring the lengthy and arduous permitting process. Sale includes fully executed construction plans by a visionary design team, with architecture and interiors by Warren Garrett and landscape design by the acclaimed Girvin & Associates.